Dhaka, May 7 -- The World Bank defines the Blue Economy as the "sustainable use of ocean resources for economic growth, improved livelihood and jobs, and ocean ecosystem health". The blue economy for Bangladesh would encapsulate a large number of economic functions and activities, very importantly fishery (for domestic food and global exports), maritime trade and shipping (including coastal shipping and sea-borne feeder services), energy (oil and gas exploration and development), tourism (eco, history and pilgrimage), coastal protection (from advancing salinity and destructive high tidal surges), maritime safety and surveillance (against hostile non-state actors) for economic development.

Bangladesh has been among the forefront of the mo...